93. Best Business Credit Cards: Travel Rewards vs Cash Back
3.425 - 93. Best Business Credit Cards: Travel Rewards vs Cash Back
In this episode Erica addresses a common question from clients: what is the best credit card for business use? She explains why travel reward credit cards are generally a better choice than cashback credit cards for solo consultants. Erica emphasizes that travel points and frequent flyer miles are not taxed by the IRS and don't reduce business deductions, unlike cashback rewards.
00:00 Introduction to the Consultants and Money Podcast
00:50 Choosing the Best Credit Card for Your Business
01:43 Why Travel Reward Credit Cards Are Better
03:13 Maximizing Travel Rewards for Business and Personal Use
05:16 The Downside of Cashback Credit Cards
06:36 Final Tips and Recap
08:15 Conclusion and Next Steps
08:48 Concierge Bookkeeping Service
____________________
Connect with Erica | LinkedIn | Website | Newsletter
******
FREE TAX GUIDE for CONSULTANTS - Get it here!